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Iran says oil would go over $250 if exports banned

Iran's Foreign Ministry believes that if the West seriously considered blocking Tehran's ability to export oil, the global price of crude would more than double, Foreign Ministry spokesman Ramin Mehmanparast was quoted as saying on Sunday.

December 4, 2011 1:43
Bahrain BFX to launch conventional trade after delay

Bahrain BFX to launch conventional trade after delay

Originally planned to launch on March 7, BFX seems finally set to launch in two weeks with the bourse to remaining in Bahrain despite recent unrest.

April 6, 2011 2:46
Oil near 2-1/2-year peak on Middle East, weak dollar

Oil near 2-1/2-year peak on Middle East, weak dollar

Central bankers claim no influence on oil prices but history says otherwise. Meanwhile, the Euro hits 14-month high as Libyan rebels call on NATO for more strikes.

April 6, 2011 2:38

Iraq sees oil output rising to 6.5 mln bpd by 2014

Iraq expects its oil output to more than double to 6.5 million barrels per day by 2014, Oil Minister Abdul-Kareem Luaibi.

March 22, 2011 3:45

Saudi’s Al-Naimi expects oil to remain at $70-$80 a barrel

Oil prices between $70 - $80 a barrel, “is delivering the revenue we need,” said Al-Naimi.

June 8, 2010 9:44

Dubai slumps, TASI fails to maintain positive streak

Oil prices also fall on slower growth in China and euro zone worries.

June 2, 2010 8:41

Kuwait oil official: Crude could fall to $60

Global economic instability could lead to price drop, OPEC representative tells daily paper.

May 30, 2010 3:05

Oil falls below $70 amid Europe growth fears

Friday afternoon saw oil prices dip below $70 per barrel as Europe's financial crisis continued to plague the markets.

May 22, 2010 3:34

Oil price not delaying global recovery, says Kuwait

Kuwait's Oil Minister stressed that OPEC would intervene if oil prices top $100 per barrel.

April 27, 2010 9:14